Index Monthly Charts

Both indices....taken support at the monthly breakdown level...(not violated)....

Will indices ....make new highs ?

Index Charts

Charts are self-explanatory

In nifty...missed the re-entry....lesson learned......point noted....

Whereas ....bank nifty without any trap...moved and traded above white....

Nifty

Nifty closed above 10685.....now visible target upside 11215.....

Now s/l for all longs 10619.70...closing basis....

CMP 10915.....

As per chart pattern....positional trend next 4 or 5 weeks....trend may be up....(in between volatility may be 180 to 235 points)...

My take is as long as s/l 10619.70 holds....buy on dip...